Romania Upstream Fiscal and Regulatory Report – Frequent Legislative Changes Create Uncertain Environment

2019-02-19
Price :
Published : Feb-2019
No. of Pages : 19

Romania Upstream Fiscal and Regulatory Report – Frequent Legislative Changes Create Uncertain Environment

Summary

Romania offers concession agreements for oil and gas exploration and production activities under a concession framework. New legislation has created uncertainty in the sector in recent years, and additional changes to fiscal terms have created instability in the fiscal regime. A new offshore law came into force in November 2018 after significant political wrangling, introducing a new windfall gas tax. However, the industry still faces significant uncertainty as a result of numerous other proposals for tax and market regulation.

“Romania Upstream Fiscal and Regulatory Report – Frequent Legislative Changes Create Uncertain Environment”, presents the essential information relating to the terms which govern investment into Romania’s upstream oil and gas sector. The report sets out in detail the contractual framework under which firms must operate in the industry, clearly defining factors affecting profitability and quantifying the state’s take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for Romania’s upstream oil and gas investment climate.

Scope

– Overview of current fiscal terms governing upstream oil and gas operations in Romania
– Assessment of the current fiscal regime’s state take and attractiveness to investors
– Charts illustrating the regime structure, and legal and institutional frameworks
– Detail on legal framework and governing bodies administering the industry
– Levels of upfront payments and taxation applicable to oil and gas production
– Information on application of fiscal and regulatory terms to specific licenses
– Outlook on future of fiscal and regulatory terms in Romania.

Reasons to buy

– Understand the complex regulations and contractual requirements applicable to Romania’s upstream oil and gas sector
– Evaluate factors determining profit levels in the industry
– Identify potential regulatory issues facing investors in the country’s upstream sector
– Utilize considered insight on future trends to inform decision-making.

Filed in: Energy & Power
Publisher : GlobalData
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